Project stage

Beta version

Detailed description

BitMax is an innovative new-age digital asset exchange, in the mission to create a new type of decentralized community-based autonomous economy. We hope that building upon a series of open and fairness market rules, BitMax will boost the liquidity of overall market, support the blockchain structural optimization and promote equitable resource allocation.

BitMax would be able to boost the liquidity of overall market, support the blockchain structural optimization and promote equitable resource allocation. Leveraging blockchain technology, BitMax is aiming to establish a decentralized autonomous incubation platform on the BitMax public chain, and build out a new type of economic autonomy program that would fundamentally reduce organizational attrition and increase productivity.

High-performance Tech SupportInstitutional-level trading architecture with advanced technology design. Trading friendly environment with support for the FIX protocols and APIs.

Safety StabilityMulti-level firewalls are set up to monitor system data processing in real time. Multi-signature requirement with combined hot and cold wallets solutions.

Support for Financial ProductsCurrent focus on crypto-to-cypto spot trading, Future expansion to margin trading, and other account management services.

Market Liquidity and DepthParticipation and support from professional traders, market makers, brokers, quant trading funds, and other investors. Support market making with efficient trading infrastructure and later introduction of liquidity provision fee.

Solution

Based on the combined Proof of Work (PoW) and Proof of Stake (PoS), BitMax completely relies on the endorsement of all the participants to build out the new-age consensus community of blockchain ecosystem with decentralized and distributed autonomy. The distribution of production output has enabled BitMax to evolve from a centralized governance model to a completely new decentralized community-based distributed autonomous system.

Features

The key features of BitMax's decentralized autonomous system are summarized as following:

Participative- Users voluntarily and independently participate in the delivery of tasks such as transaction mining, project voting, participation in the construction of the mining pool, participation in the platform decision-making and joint construction.

Collaborative- Users collaborate with each other to achieve value-add and common objectives. The users can set up the mining pool by themselves and work together on the construction and ecological maintenance of mining pool.

Co-operative – Users would like to share the benefits as the return: BitMax would return 100% of the user’s fees in accordance with the Proof of Work (PoW) and Proof of Stake (PoS). Users who participate in the management and construction of the mining pool would receive greater benefits.

Decentralized- Through the future BitMax public chain, the upstream and downstream economic systems across the blockchain would be more empowered to achieve further expansion of the autonomous economy.

Autonomous- Autonomous agents, intelligent programs, and the future enhancement of artificial intelligence (AI) and AI algorithms would enable BitMax to run its strategic operations on the self-sustainable basis, eventually building out a trusted community-based autonomous economy with a set of open and fair rules.

Show details

Additional links

Token details

Token symbol
? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. :BMAX

Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 30,000 ETH

Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)

Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA

Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token

Total supply ? Total supply — a total amount of tokens that will be released by the developers. :10,000,000,000 BMAX

Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No

Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :900,000,000 BMAX

Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Without whitelist

Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No

Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA

Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :BTC, ETH,

Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :China, USA,

Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :No

Token and Funds Distribution

Token distribution date

Unsold tokens

Token Distribution

Vesting notes

Private Sales:Tokens would be unlocked daily by applying 49:51 to the daily mining production output. 10% of the private sales portion (Pre-release) would be unlocked as the first priority.

Sale schedule

Round

Token Price

Bonus

Min / Max Purchase

Soft Cap

Hard Cap

Private sale —
Ended
Start Soon
End 16 Jul 16:00 UTC

0.00004 ETH

No

-

Uncapped

30,000 ETH

Team

George Cao

Founding Partner, CEO

Ariel Ling

Founding Partner

Han Liu

Founding Partner

Advisors

Roadmap

Jul 2018

Beta version website public launch

Aug 2018

Initial trading launch

Oct 2018

Smart contract voting

Nov 2018

Initiate platform fee distribution through smart contracts

Dec 2018

Initiate margin trading

Feb 2019

Incubator investment, ecosystem buildout

Apr 2019

Exchange public chain launch

Activity

Social

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